Created: Aug 06, 2025 08:00 AM<\/p>\n
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Exordium, a boutique consultancy run by Helen Souza, celebrated its first anniversary of helping companies set up shop in Bermuda<\/p>\n
Moving a business to Bermuda might sound like a dream for some international companies, but for many, the real challenge is not in the paperwork. It is getting people and families settled on the island.<\/p>\n
Helen Souza, founder of Exordium, knows this better than most. Her boutique consultancy, which celebrated its first anniversary last month, helps companies not just set up shop in Bermuda, but actually make the move. And that is where things get tricky.<\/p>\n
\u201cI think it is the cost of living, cost of talent, immigration processes being a bit slow and the housing situation, all of which everybody\u2019s sort of banging the drum about,\u201d said Ms Souza. While the companies are attracted to Bermuda for its beautiful beaches and business-friendly reputation, finding a place to live can be a real headache, she said.<\/p>\n
\u201cThe set-ups are a lot different from the Ace and XL days. You know, where you drop 400 people on the ground in an entire building. They\u2019re much leaner operations now. Cost of business, not only in Bermuda, but everywhere, is pretty high.\u201d<\/p>\n
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Helen Souza says that while her clients are eager to come to Bermuda, none have actually made the move yet (Photograph supplied)<\/p>\n
Ms Souza says that while her clients are eager to come to Bermuda, none have actually made the move yet. \u201cThey want to. There is strong consideration to setting up some sort of presence here, and going through the Innovation Hub or the [insurance regulatory] sandbox, or even just going straight to incorporation and setting up here.\u201d<\/p>\n
To help, Exordium partners with local relocation experts and preferred partners who know the ins-and-outs of Bermuda\u2019s housing and immigration systems. Sylvia Jones of Corporate Concierge, for example, is very specialised at relocation of executives. \u201cSo she\u2019s somebody that we would work with,\u201d Ms Souza said.<\/p>\n
Ms Souza\u2019s journey into entrepreneurship was unexpected. With a background in banking and years spent working with the Bermuda Business Development Agency, she found herself in demand for her local expertise. \u201cI kind of fell into this,\u201d she says. \u201cI named the company Exordium, which is Latin for new beginnings.\u201d<\/p>\n
What began as a favour for one client quickly snowballed. \u201cWe are just about the ten mark,\u201d Ms Souza noted, referring to her current client count.<\/p>\n
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Helen Souza\u2019s clients at Exordium are primarily technology service providers to the broader insurance industry (Photograph supplied)<\/p>\n
Speaking of the growth, she said: \u201cWhat surprised me, and it was a good surprise, was the fact that there is a need for what we\u2019re doing.\u201d<\/p>\n
Most new clients come through referrals, she said. \u201cPrimarily, at the moment, my clients are technology service providers to the broader insurance, reinsurance and financial services market. They want to come here, they want to set up in Bermuda and they want to provide their services here on island to those folks in those industries.\u201d<\/p>\n
Ms Souza said that despite the challenges of relocating, \u201cthere\u2019s a lot of activity on the island, a lot of business activity, and it\u2019s really creating a kind of fomo [fear-of-missing-out] for those who are not yet set up here.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Created: Aug 06, 2025 08:00 AM Exordium, a boutique consultancy run by Helen Souza, celebrated its first anniversary…\n","protected":false},"author":2,"featured_media":50488,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[45,49,48,1662,137],"class_list":{"0":"post-50487","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entrepreneurship","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-corporations","12":"tag-entrepreneurship"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/50487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=50487"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/50487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/50488"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=50487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=50487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=50487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}